AXA XL News

AXA XL Adds Cybersecurity Services to Cyber Insurance Program

AXA XL, a division of AXA, has added complimentary proactive cybersecurity services for its primary cyber & technology insurance clients to improve their cybersecurity preparedness. During their first cyber insurance policy year, AXA XL’s cyber clients can choose one of …

Update: AXA Expects Profits to Be Boosted by Its $15 Billion XL Deal

AXA, Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia. The French insurer said profits …

AXA XL Buys 100% of New Ocean to Build Alternative Capital Business

AXA XL’s reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. Financial details of the transaction were not released. New Ocean is now a wholly owned …

AXA XL, Slice Labs Launch On-Demand Cyber Coverage for Small, Mid-Size Businesses

Slice Labs Inc., an on-demand insurance cloud provider, and AXA XL, a division of AXA, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs). Powered by Slice’s Insurance Cloud Services (ICS) platform, AXA XL’s …

AXA XL Launches Standalone Insurance for Workboat Risks

AXA XL’s North America marine insurance business has expanded its coverage options for the marine insurance market with a new policy specifically designed and delivered to address workboat risks. AXA XL’s Workboat policy offers owners workboats standalone hull and liability …

AXA XL Canada Taps Ashall from Aon Reed Stenhouse for Broker & Client Mgmt. Team

AXA XL Canada has added Jonathan Ashall to its Broker & Client Management team. Ashall is based in Toronto and reports to Urs Uhlmann, CEO and country manager AXA XL Canada. Ashall joins AXA XL from Aon Reed Stenhouse where …

AXA XL Names Moniz & Scully to Lead Excess Casualty Teams in Bermuda, Dublin, Respectively

AXA XL announced two senior promotions within its Excess Casualty Insurance business. Effective immediately Vivienne Moniz and Elaine Scully have been appointed as head of Excess Casualty, Bermuda, and head of Excess Casualty, Dublin, respectively. Their responsibilities will include driving …

AXA XL Names Greensmith CEO of Catlin Underwriting Agencies, XL Catlin Insurance Co. UK, Succeeding Jardine

AXA XL announced that Paul Greensmith has been appointed CEO of legal entities: Catlin Underwriting Agencies Ltd. and XL Catlin Insurance Co. UK Ltd., subject to regulatory approvals. He replaces Paul Jardine, who, as previously announced, will be leaving XL …

AXA to Complete Acquisition of XL Group Sept. 12

AXA announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd. previously announced on March 5, 2018. The Paris-based global insurer said it expects to close on the acquisition of XL …

New York Approves AXA Acquisition of XL Group

France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on Friday announced it had approved …